NXRA Nextera Enterprises Inc (CE)

Nextera Enterprises, Inc. (the �Company�) (OTCBB:NXRAE) today announced that it intends to deregister the Company�s common stock under Sections 12(g) and 15(d) of the Securities Exchange Act of 1934 (the �Exchange Act�). As of January 31, 2008, the Company had less than 300 shareholders of record, and as a result has not been obligated to file annual, quarterly and current reports under the Exchange Act. In addition to freeing up significant internal resources, management estimates that the cessation of these reporting obligations will result in significant savings in legal, accounting, and administrative expenses and compliance related costs associated with Section 404 of the Sarbanes-Oxley Act. The Company�s President, Joe Millin, stated, �As our management team and board examined the relative advantages and disadvantages of our status as a public company, it became apparent that in view of our limited public float, the relative illiquidity of our stock and our current financial condition, the compliance costs involved in maintaining that status outweighed the potential benefits of such registration to our shareholders and the board is in full agreement with the decision.� About Nextera Enterprises, Inc. Nextera Enterprises Inc. currently operates through its wholly-owned subsidiary, Woodridge Labs, Inc. Woodridge Labs is an independent developer and marketer of branded consumer products that offer simple, effective solutions to niche personal care needs. More information can be found at www.nextera.com and www.woodridgelab.com. Forward-Looking Statements This release contains forward-looking statements that involve risks and uncertainties. Important factors that could affect these forward-looking statements are detailed under �Item 1A.Risk Factors� and elsewhere in filings with the Securities and Exchange Commission made from time to time by Nextera, including, but not limited to: its Annual Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission on May 14, 2008; recent quarterly reports on Form 10-Q; and other current reports on Form 8-K, and include the risk that the risk that the Company may not deregister its common stock as contemplated thereby. All forward-looking statements included in this news release should be considered in the context of these risk factors. Nextera undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors and prospective investors are cautioned not to place undue reliance on such forward-looking statements.